Transactions of used private jets for sale are expected to rebound in 2021 after dipping due to COVID-19
Pre-owned private jet sales will dip to 1,617 units this year as the industry struggles with the challenges of the impact of COVID-19 on the selling process. Last year, there were 1,839 transactions of pre-owned aircraft, according to an annual market survey by Jetcraft.
Business Jet delivers reached their highest total since 2009, according to the General Aviation Manufacturers Association
Many of the new aircraft will find their way to both fleet and fractional operators providing access to shareowners and jet card customers
Glory days, well, they’ll pass you by
Glory days, in the wink of a young girl’s eye– Bruce Springstein
No doubt, many of those involved in manufacturing private jets recall fondly 2008. That’s when the industry delivered 1,317 new business jets. It was an increase from 2007’s then-record mark of 1,137 new private jets delivered. That busted the 2006 numbers, also a then-record of 887 units delivered.
With the Great Recession, deliveries of new private jets dropped to 874 units in 2009, even more to 767 in 2010, then 696 in 2011, before bottoming out in 2012 at 672 aircraft.
Updated research shows private jets and business aviation support 1,179,200 U.S. jobs
Newly updated research conducted by PricewaterhouseCoopers LLP revealed that general aviation supports a total 1,179,200 jobs and $246.8 billion in total economic output in the U.S. annually.
The researcher found that each industry job created 3.3 jobs elsewhere in the economy.
It also found the business of general aviation is a big winner for the U.S. when it comes to international trade.
Business aviation contributes over $10 billion to the economies of North Carolina and Minnesota
Minnesota and North Carolina politicians recently highlighted how private jets and other business aircraft drive their economies.
Advocacy group No Plane, No Gain reports for Minnesota $5.3 billion in economic impact generated by 135 public-use airports and 83 heliports, plus FBOs, flight schools, aircraft manufacturing, and flight instructors.
Private jet advocacy group No Plane No Gain has released a media presentation designed to help business aviation users explain the benefits the industry brings to the entire economy
No Plane No Gain, an advocacy group backed by the National Business Aviation Association (NBAA) and the General Aviation Manufacturers Association (GAMA) have released a media presentation designed to correct misperceptions and explain how private aviation benefits the broad economy.
A new report from the No Plane No Gain uses CEOs to highlight how private jets can increase a company’s efficiency and profits
To help highlight the benefits of business aviation, No
Plane, No Gain, a group supported by the National Business Aviation Association
and General Aviation Manufacturers Association, has issued a new report that
includes endorsements from CEOs.
The membership of the General Aviation Manufacturer’s
Association recently outlined some of the way members give back
Business aviation supports over 1.1 million jobs and $219 billion dollars in economic activity in the U.S. The industry also supports businesses in over 5,000 communities, over 4,500 that don’t have commercial airline service. It is also on the front lines after natural disasters, bringing aide to the stricken and supporting first responders.